A banker's acceptance is created when
A) a document issued by the common carrier specifies that it has received the goods for shipment; it can serve as title to the goods.
B) after taking title to the goods via a bill of lading,the importer's bank accepts the time draft.
C) a time draft calls for payment upon physical delivery of goods matures.
D) none of the options
Correct Answer:
Verified
Q4: Suppose the face amount of a promissory
Q5: The primary methods of payment for foreign
Q6: When a bank purchases at a discount
Q7: Countertrade transactions are
A)becoming obsolete as a means
Q8: A typical foreign trade transaction requires three
Q10: In a consignment sale
A)the importer only pays
Q11: Forfaiting,in which a bank purchases at a
Q12: The three basic documents needed in a
Q13: There are several types of countertrade transactions
A)none
Q14: International trade is more difficult and risky
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